Passion vs. Practical: Which Type of Business Should You Start?

Mar 19, 2018 | Podcast

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Episode Brief Description

Should you start a passion business or a practical business?  Most people tell you passion, but is that always right?  We dive in and discuss the pros and cons of each approach to business.

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Key Insights & Timestamps

  • [00:52] – Welcome
  • [06:00] – Why Following Your Passion Can Get You In Trouble
  • [09:34] – Hard To Run Your Passion Business Like A Business
  • [14:42] – Let’s Talk Practical Business
  • [22:42] – Should You Select A Passion or Practical Job
  • [27:47] – Your Homework
  • [32:12] – Tom’s Bookshelf

Your Homework

Ariana’s Homework

  • Check out the Ikigai chart and use that to help you decide the which business to pursue.

Tom’s Homework

  • Whatever you have a passion for, I want you to think about how you will make money, then prove it out.

Tom’s Bookshelf

How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life

Get This Book

  • Audible – Get Your First Audiobook Free!
  • Amazon – Get The Physical or Kindle Version

Get This Book

  • Audible – Get Your First Audiobook Free!
  • Amazon – Get The Physical or Kindle Version

Key Insights

  • Passion can be good or bad when applied to business
  • Have the passion for the end goals, not necessarily the mean goals
  • Fall in love with your customers, not the product or service you offer

Free Guides For You

Plan With Purpose - The Ultimate Guide to DEfining & Building Your Ideal Life

Invest In Yourself - When, How & How Much to Spend to Grow